Ark Invest bought bitcoin for $ 12 million during the depreciation

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Another company reported buying bitcoin when the rate fell below $ 30,000. Investment firm Ark Invest bought 450,000 shares of the Grayscale Bitcoin Trust (GBTC) at $ 25 per share.

Thus, the total investment amounted to about $ 12 million. This is not the first investment of the company in bitcoin after reaching $ 30,000. Last time the volume of purchases was even greater – 1 million shares. In general, Ark Invest manages assets worth $ 52 billion

Under the leadership of Cathie Wood, Ark Invest is constantly increasing the share of cryptocurrencies and companies working in this area. So, in mid-April, when the Coinbase cryptocurrency exchange entered the Nasdaq stock exchange, ARK Invest exchange-traded funds bought Coinbase shares for $ 246 million, and the total position on these shares reaches $ 900 million.

Quantitative trading firm Alameda Research has taken a similar step. But in this case, the volume of purchases remained unknown.

Catherine Wood is a bitcoin maximalist. She is confident that, despite the volatility of the market, the bitcoin rate will eventually reach $ 500,000. And various obstacles will only strengthen BTC on the way to new records.

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